Northland Securities Issues Positive Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by Northland Securities from $49.00 to $50.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

ATMU has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Robert W. Baird raised their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $42.00 to $45.00 in a report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Atmus Filtration Technologies Trading Up 0.4 %

ATMU opened at $42.56 on Tuesday. The firm’s fifty day moving average is $37.85 and its two-hundred day moving average is $33.07. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The firm has a market cap of $3.55 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 5.05 and a beta of 1.68. Atmus Filtration Technologies has a twelve month low of $19.04 and a twelve month high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Equities research analysts anticipate that Atmus Filtration Technologies will post 2.34 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Thursday, October 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.30%.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty bought 5,849 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ATMU. Vanguard Group Inc. grew its position in shares of Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after acquiring an additional 6,348,391 shares during the period. Boston Partners bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $27,102,000. Bayberry Capital Partners LP bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $25,800,000. Renaissance Technologies LLC bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $17,743,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Atmus Filtration Technologies by 38.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock valued at $67,355,000 after acquiring an additional 583,078 shares during the period. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.